The ITAT, while acknowledging the assessee’s lack of cooperation, found that the CIT (A) had erred in setting aside the assessment. The ITAT cited the precedent set in Arun Kumar Bose vs. ITO; ...

The three-year rule could play a role in your ability to claim tax money that you're owed by the IRS. Pamela Albin Moore/ .

As with an IRA, you have until April 15 to make a 2024 contribution. For the 2024 tax year, individuals can contribute up to ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

That also means they must continue to report tips, even if federal taxes on tips are eliminated; also, the proposals would not affect state income tax ... of free cash interest earned by clients ...

KEY TAKEAWAYS The Federal Reserve kept interest rates higher than usual in 2024, making savings accounts more profitable and, ...

A personal loan can help you pay outstanding taxes quickly, but be sure to consider an IRS repayment plan and other ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

You get two more months to file the tax return if you work outside USA or serve in military or naval service on duty outside the country. However, this does not mean that you get two more months to ...

Unlike Roth IRAs, there are no income limits on Roth 401 (k)s. You can contribute to the account no matter how much you earn.

This required tax form controls how much ... Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting ...